3,684 Shares in Cboe Global Markets, Inc. $CBOE Acquired by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,684 shares of the company’s stock, valued at approximately $1,035,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Cboe Global Markets by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock valued at $3,251,878,000 after purchasing an additional 120,021 shares during the period. State Street Corp increased its stake in shares of Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after buying an additional 101,349 shares during the period. Geode Capital Management LLC increased its stake in shares of Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock worth $750,940,000 after buying an additional 65,108 shares during the period. Morgan Stanley raised its holdings in Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after buying an additional 155,333 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Cboe Global Markets by 5.8% during the 4th quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock valued at $484,749,000 after buying an additional 105,168 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $307.81 on Thursday. The firm has a market capitalization of $32.65 billion, a price-to-earnings ratio of 158.67 and a beta of 0.61. The stock has a fifty day moving average of $282.07 and a 200 day moving average of $290.12. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the previous year, the firm earned $2.50 EPS. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.9%. Cboe Global Markets’s payout ratio is presently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several analyst reports. UBS Group increased their price target on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Piper Sandler lowered their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Barclays lowered their price objective on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. Loop Capital set a $288.00 target price on Cboe Global Markets in a research note on Tuesday. Finally, Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $300.73.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.